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CB Consumer Confidence Aug 25 2009

Posted by Doug Ragan

Today was the weekly release of CB Consumer Confidence. Survey of about 5,000 households which asks respondents to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation. Being Aug, we trade the Sep ES contract. It was forecast to come in at 48.1, and ended up being 54.1, so the price went up. You can see my trade by clicking on the chart.

Click to Enlarge

Click to Enlarge

The trade here is 6 contract long at 1035 and then 8 seconds later I closed at 1036.50 for $450 profit.

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